"Every city is either vibrant these days or is working on a plan to attain vibrancy soon. The reason ..." — Thomas Frank

Our current way of regulating the financial system is dysfunctional. Oversight is dispersed among numerous confusing bodies that at times have seemed to be racing each other to the bottom. Setting up One Big Regulator would end that problem.

Allowing a private rather than a public entity to take over your toll road merely means that your tolls will have to be that much higher to cover their more expensive debt.

Republicans run the machine when it's their turn, and then hand the wheel over to Democrats when the public has had enough.

Massive inequality, we have learned, isn't the best way to run an economy after all. And when you think about it, it's also profoundly ugly.